Andra AP fonden Has $16.86 Million Position in Expedia Group, Inc. (NASDAQ:EXPE)

Andra AP fonden grew its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 94.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,800 shares of the online travel company’s stock after acquiring an additional 65,000 shares during the quarter. Andra AP fonden’s holdings in Expedia Group were worth $16,857,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Public Employees Retirement Association of Colorado lifted its holdings in Expedia Group by 80.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 16,338 shares of the online travel company’s stock worth $2,480,000 after acquiring an additional 7,270 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Expedia Group by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,389 shares of the online travel company’s stock valued at $47,302,000 after purchasing an additional 6,432 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Expedia Group by 18.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 154,867 shares of the online travel company’s stock valued at $21,333,000 after purchasing an additional 23,939 shares during the period. Swedbank AB increased its stake in Expedia Group by 5.0% during the 2nd quarter. Swedbank AB now owns 169,076 shares of the online travel company’s stock worth $21,302,000 after purchasing an additional 8,026 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Expedia Group by 33.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,927 shares of the online travel company’s stock worth $1,092,000 after buying an additional 1,996 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Expedia Group Price Performance

NASDAQ:EXPE opened at $131.10 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.45. Expedia Group, Inc. has a 12-month low of $92.48 and a 12-month high of $160.05. The stock’s 50 day moving average price is $130.30 and its two-hundred day moving average price is $127.91. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 0.52 and a beta of 1.79.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, August 8th. The online travel company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.34. Expedia Group had a return on equity of 47.55% and a net margin of 6.09%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the firm posted $2.34 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts anticipate that Expedia Group, Inc. will post 8.92 earnings per share for the current year.

Insider Transactions at Expedia Group

In related news, insider Robert J. Dzielak sold 5,417 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now owns 84,543 shares in the company, valued at approximately $11,379,487.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the sale, the insider now owns 84,543 shares in the company, valued at $11,379,487.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 12,602 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $131.50, for a total value of $1,657,163.00. Following the completion of the transaction, the insider now directly owns 89,960 shares in the company, valued at approximately $11,829,740. The disclosure for this sale can be found here. 8.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research report on Friday, August 9th. Piper Sandler reissued a “neutral” rating and issued a $140.00 price target (down previously from $145.00) on shares of Expedia Group in a research note on Friday, August 9th. Barclays reduced their price objective on Expedia Group from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Wedbush increased their price objective on Expedia Group from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, BTIG Research cut their target price on Expedia Group from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Eighteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $148.00.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.